Ethereum turns 9 with a market cap of $400 billion and 2.45 billion transactions

ethereum celebrates its ninth anniversary today.

Network, ethereum.org/2015/07/22/frontier-is-coming-what-to-expect-and-how-to-prepare”>thrown out On July 30, 2015, it was co-founded by several prominent players in the cryptocurrency world, including Vitalik Buterin, Polkadot founder Gavin Wood, Consensys CEO Joseph Lubin, and Cardano founder Charles Hoskinson.

Since then, it has has become the second largest blockchain with a huge ecosystem that has given rise to many imitators. According to x.com/etherscan/status/1818248229361991898″>EtherscanThe network has

Dune analysis ethereum“>data reveals a more complete picture, showing that had over 7 million active users and over 1 million validators in the last month. Additionally, DeFillama ethereum“>data showed that there are over 1,000 projects on the blockchain with around $71 billion in assets locked in the network.

Furthermore, its market capitalization now exceeds $400 billion, placing it among the Top 25 Global AssetsThe price of eth has also risen to over $3000, making it one of the most expensive digital assets in the cryptocurrency market.

ethereum has also established itself as a prominent player in the cryptocurrency industry by introducing several innovations and upgrades, including the successful implementation of the Merge and Dencun hard forks. These upgrades transitioned the network from a proof-of-work to a proof-of-stake consensus mechanism and drastically reduced its transaction fees to all-time lows.

Furthermore, the recent launch of ethereum exchange-traded fund (ETF) products in the United States makes it the only digital asset, alongside bitcoin, approved for trading by the US Securities and Exchange Commission (SEC) on US exchanges.

Coinbase Cryptocurrency Exchange x.com/coinbase/status/1818267378465091987″>underlined the importance of the network to the broader crypto industry, noting that ethereum is the anchor of an entire on-chain ecosystem that has helped pave the way for decentralized finance.

Despite these achievements, Buterin remains focused on the future and expresses his anticipation for the advancements of the next decade. He wrote:

““I’m looking forward to what the next decade holds.”

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